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On Thursday, the XAU/USD exchange rate declined below the Fibo 23.60% at 1,497.76. During today’s morning, the rate was testing the support level—the monthly S2 at 1,466.10.

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2019/05/16 · Calculate pivot points in forex trading with derivative formulas for greater returns such as with r1 r2 r3 s1 s2 s3.

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10# Pivot Intraday Trading System M1, and S2). However, in forex, the number of pips (points) that the currency will move in a 24-hour period is usually substantial. This means that a move from the pivot or even the M2 number down to S2, M1, or S1 could represent 40 to 100 pips. If this is true, in USD/CHF, that is worth between $272 to
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